What will a $190,000 house cost 8 years from now if the price appreciation for homes over that period averages 7 percent compoun

ded annually? The future house of the cost will be $_____ (URGENT!)

Mathematics

1 answer:

den301095 [7]2 years ago

6 0

$\text{Hello there!}\\\\\text{Use the appreciation formula to find the future cost of the house:}\\\\A=P(1+r)^t\\\\\text{P = principal}\\\\\text{r = rate}\\\\\text{t = time}\\\\\text{Plug in data from question and solve:}\\\\A=190,000(1+0.07)^8\\\\A=190,000(1.07)^8\\\\A=190,000(1.7181861798319201)\\\\A=326,455.374\\\\\text{Round to the nearest hundredths place}\\\\\boxed{\$326,455.37}$

You might be interested in

The weight of an object on a particular scale 155. 2lbs the measured weight May very from the actual weight by the most 0.4 lbs

zavuch27 [327]

Answer:

154.8-155.6

Step-by-step explanation:

155.2-.4=154.8 or maybe its more in that case the most it could be is 155.2+.4=155.6

7 0

3 years ago

Factor and solves the polynomial <br> x(to the 2nd power) + 5x + 4 = 0<br> x= (blank) and x= (blank)

zubka84 [21]

Answer:

$x = -4~ \text{and}~ x = -1$

Step-by-step explanation:

$~~~~~~~x^2 +5x +4 =0\\\\\implies x^2 +4x +x +4 = 0\\\\\implies x(x+4) +(x+4) = 0\\\\\implies (x+4)(x+1) = 0\\\\\implies x = -4,~~ x = -1$

3 0

1 year ago

Monica [59]

Annfiidsidnnw I didn’t have a time I was going on with my dad so he didn’t have to work so he was just asking if he could do anything else and he said I was just